Moroccan Olive Oil Prices Surge as Drought Slashes Production

This drastic drop is explained by the succession of drought years that have hit the country, significantly affecting the olive trees. The consequences of this drop in production are already being felt on the wallets of Moroccans.

Indeed, professional cooperatives forecast a slight variation in olive oil prices depending on the regions, but are counting on a range between 80 and 120 dirhams per liter. These rates represent a significant increase compared to previous years. It was still 3 or 4 years ago that a liter of olive oil was negotiated at less than 50 dirhams per liter.